User Account

All Pages

What is the General Journal entry for July

Assignment Help Accounting Basics
Reference no: EM132234205

Question - Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $12,000 and were subject to a 2.5% bank fee. What is the General Journal entry (without explanation) for July 8, 2016. If no entry is required then write "No Entry Required."

Reference no: EM132234205

Questions Cloud

Compensation established by the agreement : Imagine Master Service agreement was signed by both parties on December 31st 2013, and the compensation established by the agreement was $10,000.
What is the amount of amortization expense for goodwill : It is estimated that the goodwill (if any) has an economic useful life of 20 years. What is the amount of amortization expense for goodwill for 20X3
Explain open systems theory : Explain Open Systems Theory in you own words .What makes systems ""Open"" under this theory? What are 5 characteristics of Open Systems.
Do you believe that innovation can drive economic growth : Do you believe that innovation can drive economic growth, why or why not? Share your thoughts on a way that innovation can be used to drive growth.
What is the General Journal entry for July : Credit card sales on July 8, 2016 amounted to $12,000. What is the General Journal entry (without explanation) for July 8, 2016
Describe the product or service of the firm : Share examples of two companies that you feel have leveraged innovation to differentiate themselves from their competitors. Describe their product or service.
Mean annual cost to attend private university : For the most recent year available, the mean annual cost to attend a private university in the United States was $20,132.
Each of the eight characteristics of effective groups : How would you evaluate this team based on each of the eight characteristics of effective groups? What are the dysfunctions of this team?
How will your business benefit from the name : Why did you choose this particular name for your business? How will your business benefit from this name? Remember to include your section heading.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd